News Releases
Ally Isom: Senator, come home
It is 2,074 miles from my front step in Kaysville to the United States Capitol. But my reality and Washington, D.C., are worlds apart.
What we have in Washington, D.C., is not working, nor is it centered on things that matter most to Utah. Elitesâand that includes long-time incumbents and special interestsâhave too firm a grip on Washington. They think they know better. They fail to see Americans have had it with the reckless spending, the unproductive tribalism, the disconnect from reality.
Let me share the words of a fellow Utahn:
âThe American people ⦠know that in many respects they are no longer in charge of their own government. That the government that was created to serve them has tried to untether itself from them, moving away from them and becoming a task-master rather than a servant.â
âThe American people are frustrated with a government that knows no boundaries.â
These words were spoken before The Heritage Foundation on November 30, 2016, by Utah Senator Mike Lee, one of the nationâs most vocal advocates for term limits. (Read More)
Utah Senate unanimously concurs with Houseâs substitute to S.B. 59 Tax Amendments
Today, the Utah Senate unanimously gave final approval to S.B. 59 State Income Tax Rate Reduction, which reduces taxes for Utahns by $192.9 million.
S.B. 59:
- Reduces the individual and corporate income tax rate for all Utahns from 4.95% to 4.85%. A $163.7 million reduction in taxes.
- Increases the eligibility for a social security tax credit for seniors. A $15.4 million reduction in taxes.
- Establishes an earned income tax credit (EITC). A $16.1 million reduction in taxes.
The bill provides assistance to all taxpayers while enabling the Legislature to invest in transportation, public health, water and more key areas that matter to Utahns. Utahâs fiscally conservative policies put lawmakers in a position to cut taxes while continuing to fully fund education and social services at historic levels. (Read More)
Gov. Cox issues statement on tax cuts approved by Utah Legislature
Gov. Spencer Cox issued the following statement in response to the tax relief package approved by the Utah Legislature.
âAs a freshman legislator nine years ago, I supported an earned income tax credit to benefit low- and moderate-income Utahns. Every year since I have worked to get the EITC signed into law. I could not be more excited to finally get this piece of legislation across the finish line.
âI also look forward to signing into law income tax cuts for all Utahns in addition to expanded Social Security tax cuts for Utahâs most vulnerable seniors. I applaud the Legislature on their efforts in arriving at this bipartisan and balanced outcome.
âAll together, these tax cuts will return hard-earned money to Utah families and alleviate current inflationary pressures. These tax cuts are a tremendous win for Utah families and seniors, and I look forward to signing this bill into law.â
Stackline receives temporary marginal tax reduction
Today, the Utah Governorâs Office of Economic Opportunity (Go Utah) awarded Stackline a temporary, marginal tax reduction for its expansion in Utah. The post-performance corporate incentive is part of the Legislatureâs Economic Development Tax Increment Finance (EDTIF) program.
As part of the agreement, Stackline plans to bring up to 152 new high-paying jobs and invest a projected $200,000 in Utah during the next five years.
Utah does not provide up-front cash for corporate retention and recruitment. Instead, the state offers a post-performance tax credit after the company meets specific obligations, including capital investment, new high-paying jobs, and additional state tax payments. (Read More)
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